Checking your share allotment status is an important step for any investor who has applied for shares in an Initial Public Offering (IPO). When a company offers its shares to the public for the first time through an IPO, there is often high demand for the shares. However, the company only makes a fixed number of shares available through the IPO. So, it is common for some investor applications to get fully allotted shares, some to get partially allotted shares, and some not to get any allotment at all.
If you have applied for shares in an IPO, you will want to check the allotment status to know whether you received any shares, and if so, how many. Here are the steps to check your IPO share allotment status:
Check Allotment Status on Stock Exchange Website
The easiest way to check your IPO allotment status is on the website of the stock exchange where the company is listed. For example, if the company is listed on NSE, you can check your status on https://www.nseindia.com/products-services/ipo-allotment-status. On the NSE website, select the relevant IPO and enter either your PAN number or the application number. The website will then display the number of shares allotted to you, if any.
Check through your ASBA Account
If you applied through the ASBA (Application Supported by Blocked Amount) method, you can check your allotment status through your ASBA account. In the ASBA method, the IPO application amount gets blocked from your bank account. To check allotment, log in to your netbanking and look under the ‘IPO Application’ section. It will show the number of shares allotted against each application.
Check via the Registrar’s Website
Every IPO has a registrar appointed by the company to process the share allotment. You can check your IPO allotment on the registrar’s website by selecting the relevant IPO. For example, if the registrar is Link Intime, go to https://www.linkintime.co.in/IPO/public-issues.html and select your IPO. Enter the application number or PAN and it shows your allotment status.
Check through your Stock Broker
If you applied for the IPO through a stock broker, they can also provide your allotment status. Most brokers today offer online portals where you can log in and see your IPO allotment status. Alternatively, you can contact your broker over the phone or visit their office to get the latest allotment information.
Check via the Stock Exchange Mobile App
Many stock exchanges like NSE and BSE have mobile applications that allow you to check your IPO allotment status. For example, on the NSE iOS app, go to the ‘Investors Services’ section and click on ‘Check IPO allotment status’. Enter the details similarly to the website and get your status.
Check Allotment Status through SMS
You can also get allotment status for select IPOs through SMS. Each IPO will provide an SMS code in their prospectus. For example, to check status for a hypothetical ABC IPO through SMS, you send a text to 54545 like ‘ABC
Physical Allotment Advice Letter
Finally, around 1 month after the IPO closing date the registrar will mail Allotment Advice letters in physical format to all applicants. This letter contains details of the shares allotted, so it serves as the official confirmation. However, checking online status allows you to get allotment information much faster.
Important Things to Check in Allotment Status
When you do receive your IPO allotment status, here are some key things to check:
- Number of shares allotted to you
- Whether the application was fully or partially allotted
- Total amount that will be debited from your bank account
Also ensure that the PAN details on the allotment status match your PAN for the IPO application.
What if I get ‘No Allotment’ Status?
If your allotment status shows ‘No Allotment’, it means your application was unsuccessful and you did not receive any shares. Some things you can do:
- Wait for the company to list on the stock exchange, and then buy shares through secondary market
- Apply in the next IPO with higher bid quantity and bid price to increase chances of allotment
Frequently Asked Questions
When will I get my shares after allotment?
The shares will get credited to your Demat account around one week before the IPO listing date.
Can I check allotment status without PAN?
No, PAN number is mandatory to check IPO allotment status.
How to check allotment status in SBI?
If you applied through SBI, login to Netbanking and go to ‘Investing in IPO’ section to view allotment status.
Can I check allotment status by name?
No, you can only check IPO allotment status by PAN or application number. Name is not enough.
| IPO Name | Allotment Status | Shares Allotted |
|---|---|---|
| ABC Company | Full Allotment | 500 |
| XYZ Limited | No Allotment | 0 |
This table provides examples of IPO allotment status for two hypothetical IPO applications, showing their name, allotment status, and shares allotted.
Conclusion
Checking share allotment status for IPO applications is important for investors. Use the NSE/BSE websites, stock exchange apps, registrar portal, broker platform or SMS to instantly check your allotment status. Ensure you receive the shares in your Demat account as per the status. Carefully analyze the allotment data to make better bids in future IPOs. With this information you can maximize your chances of gains from IPO investments.
